iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Thursday . 445,975 shares changed hands during trading, an increase of 72% from the previous session’s volume of 259,136 shares.The stock last traded at $38.57 and had previously closed at $38.28.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock has a fifty day moving average of $34.80 and a 200-day moving average of $32.64. The company has a market cap of $1.29 billion, a PE ratio of 19.05 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 2,162 shares in the last quarter. Wintrust Investments LLC bought a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter worth approximately $93,000. Family Firm Inc. grew its stake in iShares MSCI Global Gold Miners ETF by 28.2% in the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after purchasing an additional 9,276 shares in the last quarter. Versant Capital Management Inc increased its holdings in iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 10,209 shares during the period. Finally, Climber Capital SA bought a new stake in iShares MSCI Global Gold Miners ETF during the 4th quarter valued at $1,821,000.

iShares MSCI Global Gold Miners ETF Company Profile

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.